17 1 Part 3 of 4 points Required information [The following information applies to the questions displayed below] Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing Currently NGS has authorized 100,000 no- par preferred shares and 200,000 $2 par common shares. Outstanding shares include 44,000 preferred shares and 34,000 common shares. Recently the following transactions have taken place aNGS issues 700 preferred shares for $11 a share. b. NGS repurchases 700 common shares for $10 a share c. On November 12 the board of directors declares a $0.20 cash dividend on each outstanding preferred share d. The dividend is paid December 20 3. Show the overall effect of each transaction on the assets, liabilities, and shareholders' equity of the company (Use + for increase,- for decrease, and NE for no effect.) Transaction a b. C d Assets 00 7,700 7,000 140 Answer is not complete. Balance Sheet Liabilities Stockholders' Equity 140 140 000 00 7,700 C 7,000 140 O